Bitcoin or gold? - page 569. | Bitcointalksearch.org

okthen

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Quote from: cjrosero on March 19, 2015, 06:17:52 PM

Quote from: okthen on March 19, 2015, 06:06:00 PM

Quote from: deisik on March 19, 2015, 05:47:54 PM

Quote from: cjrosero on March 19, 2015, 05:23:20 PM

If almost of you guys voting for gold why are you still using bitcoin? Huh

For me ill use bitcoin because im a newbie i think ahahaha and im still learning what its full potentials.

The answer to this question should be pretty obvious and straightforward. Gold is for long-term investment while bitcoin is for short-term speculation, at least for me. Other people, indeed, may have their own reasons why they are voting for gold and continue using bitcoin (if they really are, in the first place)...

I would actually say the opposite, I see btc as a long term inversion.
However, I imagine most vote for gold simply because it's still a safer investment vehicle.

do you still consider a long term investment when the bitcoin price hit at $1?

If the price would go that low I obviously would know bitcoin has failed. And I would definitely wouldn't own any when it happened (would have sold at around my entry point).

Snipe85

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Infleum

Quote from: deisik on March 19, 2015, 02:07:29 AM

Quote from: Snipe85 on March 18, 2015, 07:01:49 PM

Quote from: deisik on March 16, 2015, 01:42:10 PM

"A number of people" you make reference to here (which hold bags full of bars and coins) do not keep their gold at home. There are specialized high-security bank vaults for keeping gold in bullion banks. The gold in these vaults is also typically insured at that...

But it's against the whole idea of Bitcoin i.e. keeping your wealth under control. If you store it in a bank you could as well invest in fiat, there's no difference Wink

It is a moot point (in respect to gold), since when you keep it at home, it can be stolen by robbers, but when you keep it in a bank vault it can be expropriated by state or even stolen by the bank itself. This is true. Nevertheless, these misfortunes are set off by the bitcoin volatility and its potential to go down in value to nothing. That would essentially be the same as the gold you possess being stolen...

That's right, but theft is usually sudden and leaves you no time to react. I really doubt it's possible for Bitcoin to go down 90% in a short period of time (like 24h). In extreme case it would be losing 20% a day without a rebound, so you'd have enough time to save at least half of it. Volatility can be dangerous, but it can't be put on the same level as theft or seizure.

cjrosero

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To God Be The Glory!

Quote from: okthen on March 19, 2015, 06:06:00 PM

Quote from: deisik on March 19, 2015, 05:47:54 PM

Quote from: cjrosero on March 19, 2015, 05:23:20 PM

If almost of you guys voting for gold why are you still using bitcoin? Huh

For me ill use bitcoin because im a newbie i think ahahaha and im still learning what its full potentials.

The answer to this question should be pretty obvious and straightforward. Gold is for long-term investment while bitcoin is for short-term speculation, at least for me. Other people, indeed, may have their own reasons why they are voting for gold and continue using bitcoin (if they really are, in the first place)...

I would actually say the opposite, I see btc as a long term inversion.
However, I imagine most vote for gold simply because it's still a safer investment vehicle.

do you still consider a long term investment when the bitcoin price hit at $1?

okthen

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Activity: 490

Merit: 500

Quote from: deisik on March 19, 2015, 05:47:54 PM

Quote from: cjrosero on March 19, 2015, 05:23:20 PM

If almost of you guys voting for gold why are you still using bitcoin? Huh

For me ill use bitcoin because im a newbie i think ahahaha and im still learning what its full potentials.

The answer to this question should be pretty obvious and straightforward. Gold is for long-term investment while bitcoin is for short-term speculation, at least for me. Other people, indeed, may have their own reasons why they are voting for gold and continue using bitcoin (if they really are, in the first place)...

I would actually say the opposite, I see btc as a long term inversion.
However, I imagine most vote for gold simply because it's still a safer investment vehicle.

deisik

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English ⬄ Russian Translation Services

Quote from: cjrosero on March 19, 2015, 05:23:20 PM

If almost of you guys voting for gold why are you still using bitcoin? Huh

For me ill use bitcoin because im a newbie i think ahahaha and im still learning what its full potentials.

The answer to this question should be pretty obvious and straightforward. Gold is for long-term investment while bitcoin is for short-term speculation, at least for me. Other people, indeed, may have their own reasons why they are voting for gold and continue using bitcoin (if they really are, in the first place)...

OROBTC

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...

monsterx & BillyBobZorton

Indeed, not diamonds! Diamonds are a carefully controlled duopoly (S. Africa and Russia, with Canada maybe coming on), but IMO the cartel is weak.

Diamonds are on the verge of becoming cheap to make synthetically. They can even now add flaws and coloring. Soon, artificial diamonds are likely to be indistinguishable from natural ones, at least without very sophisticate equipment.

Gold will be great for the foreseeable future. Bitcoin a bit more risky given a few more years (bright people may hack the system and/or an alt-coin provide a better alternative).

cjrosero

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To God Be The Glory!

If almost of you guys voting for gold why are you still using bitcoin? Huh

For me ill use bitcoin because im a newbie i think ahahaha and im still learning what its full potentials.

deisik

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Quote from: desertfox470 on March 19, 2015, 03:28:41 PM

I would put the money in gold. Government regulation may happen. Also technically btc could disappear overnight. Gold will not.

In 1933 Franklin Roosevelt, the president of the USA (the country which is considered by many as a beacon of economic and political freedom), banned holding of physical gold (gold coins, gold bullion, and gold certificates) by any individual or company under the threat of criminal prosecution (up to five to ten years of imprisonment)... Do you still believe that government regulation of bitcoin (if ever) will be more fearsome and terrifying than that of gold (which already happened in the past)?

desertfox470

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I would put the money in gold. Government regulation may happen. Also technically btc could disappear overnight. Gold will not.

Madness

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My goal is becaming a billionaire.

Quote from: tkbx on March 09, 2014, 02:21:54 PM

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I would choose Bitcoin for sure , in the next 10 years , there will be basically 2-3 Halving block reward , right ?
If that's the case and everything is how it's now ... then the price should rise like hell and make shitload of money and profit Grin

~ Madness

BillyBobZorton

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Quote from: monsterx on March 18, 2015, 04:39:06 AM

I wouldn't choose any of these. Gold goes down and I predict that it will go even lower. Bitcoins are not stable and who knows what will be later. If we are talking in depositing in some kind of materials for some years I would prefer diamonds. I don't say that their value won't fall, but I'm sure that they won't fall as fast as gold and bitcoins.

The diamond scarcity is fictitious, it's a scam to keep the prices up. Bitcoin is the only supply that cannot be manipulated at will, im going to trust this for the future.

odedrozan

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To ArticMine - Very nice theory , really liked it man !
So my head thinking same as you mate

twn

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that was what i was trying to say. who wasnt check bitcoin yesterday already lost 20%. it could be also reverse 20%win in couple hours.
in gold it never happens. if you can control your bitcoins definetly bitcoin.if you gonna put your investment for a while and you not gonna check. you should get gold or something else

Natalia_AnatolioPAMM

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Both for definite! Gold is too stable to be ignored, and bitcoin will worth a fortune in a while. So for whatever purposes you may need both

And personally, I'd add something like brilliants to the kept gold Tongue

deisik

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Quote from: Snipe85 on March 18, 2015, 07:01:49 PM

Quote from: deisik on March 16, 2015, 01:42:10 PM

"A number of people" you make reference to here (which hold bags full of bars and coins) do not keep their gold at home. There are specialized high-security bank vaults for keeping gold in bullion banks. The gold in these vaults is also typically insured at that...

But it's against the whole idea of Bitcoin i.e. keeping your wealth under control. If you store it in a bank you could as well invest in fiat, there's no difference Wink

It is a moot point (in respect to gold), since when you keep it at home, it can be stolen by robbers, but when you keep it in a bank vault it can be expropriated by state or even stolen by the bank itself. This is true. Nevertheless, these misfortunes are set off by the bitcoin volatility and its potential to go down in value to nothing. That would essentially be the same as the gold you possess being stolen...

Snipe85

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Activity: 756

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Infleum

Quote from: deisik on March 16, 2015, 01:42:10 PM

"A number of people" you make reference to here (which hold bags full of bars and coins) do not keep their gold at home. There are specialized high-security bank vaults for keeping gold in bullion banks. The gold in these vaults is also typically insured at that...

But it's against the whole idea of Bitcoin i.e. keeping your wealth under control. If you store it in a bank you could as well invest in fiat, there's no difference Wink

maku

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Quote from: dulldog on March 18, 2015, 12:24:16 PM

Quote from: tkbx on March 09, 2014, 02:21:54 PM

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

Come on they are totaly different assets. You can hardly compare them.

Exactly this is the reason we should keep both assets. Ideally it would be the best solution to invest in bitcoin and in buy some gold as well. Of course it is the safest and stable way. Bitcoin is here to stay I think and investing in it is good, but its price volatility can be an issue, while gold price fluctuation is bearable.

Orangina

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What a hard question ! Shocked

Quote from: Josef27 on March 18, 2015, 04:00:17 AM

Bitcoin

I can easily buy stuff with the trader that offer payment in bitcoin, theres a lot now!
With gold, uh... Can I get my exchange easily after buying stuff? Who accept gold as payment on most of my favorite stuff? It just hard to manage.

but I'll choose bitcoin like josef27 said you can easily trade bitcoins , but gold need verification & you can't find trader accept it !

dulldog

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Quote from: tkbx on March 09, 2014, 02:21:54 PM

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

Come on they are totaly different assets. You can hardly compare them.

monsterx

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I wouldn't choose any of these. Gold goes down and I predict that it will go even lower. Bitcoins are not stable and who knows what will be later. If we are talking in depositing in some kind of materials for some years I would prefer diamonds. I don't say that their value won't fall, but I'm sure that they won't fall as fast as gold and bitcoins.

Topic: Bitcoin or gold? - page 569. (Read 984448 times)